MERS Loan Principal Reduction

MERS, or the Mortgage Electronic Registration System, was used by lenders to track sale of loans in the secondary market.  Lenders used MERS to hide the sale of your loan and make you think your lender was still your lender.  But lenders missed a major unintended consequence that could be the opening for you to get a principal reduction on your loan. If your loan is registered in MERS, your lender may not have the legal standing to foreclose on you, making your loan unsecured!

All that’s required is for your loan to be registered in MERS.  If so, your loan was most likely sold in the secondary market and your original lender doesn’t own your loan any more.  Legally, only the current owner of the loan can foreclose, and because of the securitization process, it may be impossible to find out who actually owns your loan.  Lenders have realized their mistake and are scrambling to pare their losses by agreeing to homeowner requests for principal reductions.  LoanModificationUSA.com will obtain your principal reduction for you.

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MERS Principal Reduction Basics

MERS principal reduction

MERS Loan Principal Reduction If your loan was registered in MERS (Mortgage Electronic Registration System), you might be able to receive a principal reduction on your loan.  The only requirement is that your loan was registered in MERS.  Click the button below to see if your loan was registered … [Read More...]

MERS Loan Registration Check

MERS loan check

It's easy and quick to find out if your loan is registered in MERS. Just fill out the short form below and we'll do all the work. Within 48 hours we'll contact you to let you know the status of your loan. And just for taking the few seconds to fill out the form we'll give you access to shocking … [Read More...]

Lender Litigation

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Lender  Mistakes and Malfeasance Open the Door for Struggling Homeowners If  you don't qualify for a loan modification or aren't getting the relief you need, there may be another path you can take to get the lower principal balance and interest rate you need to make ends meet. By now just … [Read More...]